Stratasys (NASDAQ:SSYS) Downgraded by ValuEngine to Sell

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ValuEngine cut shares of Stratasys (NASDAQ:SSYS) from a hold rating to a sell rating in a report released on Friday, ValuEngine reports.

Separately, BidaskClub downgraded shares of Stratasys from a sell rating to a strong sell rating in a research report on Thursday, October 10th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Stratasys presently has an average rating of Hold and an average target price of $25.50.

Shares of NASDAQ:SSYS opened at $20.42 on Friday. The company has a market cap of $1.10 billion, a PE ratio of 88.78, a P/E/G ratio of 2.86 and a beta of 1.98. The company’s 50-day moving average price is $22.40 and its 200 day moving average price is $24.18. Stratasys has a fifty-two week low of $17.06 and a fifty-two week high of $30.60. The company has a quick ratio of 3.02, a current ratio of 3.85 and a debt-to-equity ratio of 0.01.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). The firm had revenue of $163.16 million during the quarter, compared to the consensus estimate of $168.74 million. Stratasys had a net margin of 0.69% and a return on equity of 1.30%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 earnings per share. As a group, equities analysts anticipate that Stratasys will post 0.27 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Stonebridge Capital Advisors LLC bought a new stake in shares of Stratasys during the 2nd quarter worth about $56,000. Aperio Group LLC bought a new stake in shares of Stratasys during the 2nd quarter worth about $125,000. Panagora Asset Management Inc. bought a new stake in shares of Stratasys during the 2nd quarter worth about $125,000. CSat Investment Advisory L.P. bought a new stake in shares of Stratasys during the 2nd quarter worth about $136,000. Finally, Mizuho Securities Co. Ltd. bought a new stake in shares of Stratasys during the 2nd quarter worth about $159,000. Institutional investors own 79.09% of the company’s stock.

About Stratasys

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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